Everything News Jobs Opportunities Events Products/Services
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

17 Nov 2008 05:11:46

Electric companies could help motor industry

Electric companies could help motor industry
American electricity companies are said to be considering a move to help the troubled automaker industry in the country.

The power firms, which would ultimately benefit from a change to electric vehicles, are considering providing support for the automotive industry to develop electrical vehicles, the Wall Street Journal claims.

According to the newspaper, power companies could begin by placing orders for large amounts of electric or hybrid vehicles for their massive fleets, thereby providing support for development of the technology.

Our industry is interested in reducing carbon-dioxide emissions, and it seems like a good idea for auto makers and us to pull together," says Bill Johnson, chief executive of Progress Energy told the newspaper.

Congress is meanwhile divided on whether to "bail out" the automotive sector called by some a "dinosaur".

Senator Richard Shelby of Alabama said simply: "They're not building the right products."

Meanwhile the UK industry has made an appeal to the government for intervention to ensure flow of cheap money to the motor industry.



Discussion Thread  


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community

Related Items From Everyone

  1. University College Cork (UCC) in Ireland has become the first university worldwide to achieve the...

    12 Dec 2011
  2. Research done by Solar Twin shows that many LCBP -aided solar installations may be unsafe

    20 Oct 2009
  3. Trials of a new tidal energy generation technology are set to take place in the Humber...

    25 Sep 2008
  4. More should be done by the government to promote greener travel options, a campaigner for Friends...

    30 Apr 2008

Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback


We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.